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A December 2024 potash market update reports Brazil spot prices rising to $300/t CFR, with Q1 2025 offers at $300-320/t. Southeast Asian granular MOP fell $10/t, and China's domestic prices eased amid inventory pressure.
Firmer Brazilian potash prices raise fertilizer costs ahead of the Brazilian planting season, which can support higher input costs for crops used in feed. Mixed regional moves suggest no broad price shock.
easttrades.comadminDec 23, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
